267 shares? What a joke!

[Ed Norton]

How do these amounts compare to what we got in 2003?

Anyone dumping them on the first day is a fool. The stock is already up $0.75 on the day, and it's only noon.

And you are a smug ass.  The stock market is rigged by the big boys at the top. If one doesn't chose to participate in the NYSE casino then that is one's prerogative. Like Henry Hill said in Goodfellas: "F@%$k you, pay me! 311 shares for all the crAAp we've been dealt is a joke. But I'll take it...and buy more guns.

 

[TWU informer]

I don't think that's right either. Our value was X amount. They gave us approx. half of it when the stock was at 21.55 so it took a certain amount of shares to equal that. When we get the rest of it, whatever the value of the stock is at that time will determine the number of shares we receive to equal the balance. IMHO

Exactly.

 

[AANOTOK]

Yet will still don't know what the total value is...did I get 45%, 50%, or 55% of what I was owed. I have seen all three numbers thrown out there and the TWU was suppose to be checking into it based on a conversation I had with a rep.

 

[AA Tulsa Mechanic]

So who's selling now or after 120 days or what are you going to do with it?

 

[AANOTOK]

So, with AAL up over $1.25 right now, it is actually costing me instead of making money for me. The higher, the less shares I get. Yes?? If AA gives me my shares all at once, I'm making money right now. Yes??

 

[BigMac]

I was given 214 shares and just sold them @ $26.21 per share. I'll be patient and gamble with my next shares. 4th Qtr profit #s should be out by then.

 

[AA Tulsa Mechanic]

I was given 214 shares and just sold them @ $26.21 per share. I'll be patient and gamble with my next shares. 4th Qtr profit #s should be out by then.

how did you manage that when the highest it has been is $25.44?

 

[BigMac]

It is $27.22 and climbing.
http://www.google.com/search?site=&source=hp&ei=23WoUuKDBoiu2QX-koFo&q=American+airlines+stock&oq=American+airlines+stock&gs_l=mobile-gws-hp.3..0l5.8022.22166.0.22716.24.20.0.15.15.2.575.6430.2-8j10j1j1.20.0....0...1c.1.32.mobile-gws-hp..2.22.3115.UY7riBsyEC8

 

[AA Tulsa Mechanic]

It is $27.22 and climbing.
http://www.google.com/search?site=&source=hp&ei=23WoUuKDBoiu2QX-koFo&q=American+airlines+stock&oq=American+airlines+stock&gs_l=mobile-gws-hp.3..0l5.8022.22166.0.22716.24.20.0.15.15.2.575.6430.2-8j10j1j1.20.0....0...1c.1.32.mobile-gws-hp..2.22.3115.UY7riBsyEC8

thanks apparently the Nasdaq app I'm using sucks lol.

 

[BigMac]

Strike that it WAS $27.18 and is fluctuating.

 

[BigMac]

thanks apparently the Nasdaq app I'm using sucks lol.

No problem. I'm gritting my teeth as it goes up. I just sold and lost $214.00 so far. @#%&*

 

[TWU informer]

There are two different stocks.
 
AAL and AALCP
 
Employees own AALCP

 

[AA Tulsa Mechanic]

There are two different stocks.
 
AAL and AALCP
 
Employees own AALCP

Then how did BigMac get over $26? AALCP highest is $25.85?

 

[AANOTOK]

There are two different stocks.
 
AAL and AALCP
 
Employees own AALCP

Don't think that is true...

 

[FWAAA]

Maybe it is wrong, I just base it off the document the company sent out last week which shows how the total amount of shares distributed over the 120 period differs based upon stock price. If I can figure out how to post it on my iPad, I will

 
 

I can't get it to post, but here is the jist,,,

Open price 20. If it stays at 20 over the 120 days, 91 million shares distributed to employees.
Price rises from 20 to 24, 81 million shares distributed to employees.
Price falls from 20 to 16, 102 million shares distributed to employees.

Again, all comes down to price of stock at 120 days out. You may get more if the price goes down. It's all about the value.

I've got that letter.  If the stock goes up, fewer shares will be issued, and thus, you'll get fewer shares in the final distribution.   You're correct about that.   The reason that fewer shares will be issued if the stock goes up is because the creditors who foolishly lent money to AA get a fixed dollar amount in satisfaction of their claims.   

Look at that letter and multiply the total shares by the 120 day price and you'll see that if the stock goes up, the total value of the stock to the employees increases.    If the stock price goes down, then yes, the total value of the stock goes down.   
 
The TWU employees get 4.8%  of the stock issued to AA constituents (4.8% of the 72%).    If the stock doubles in value at the 120 day window, the employees will share in that gain.    If it falls to half at 120 days (around $11/sh), then employees lose big.
 

The way I understand it is we should receive the remaining 50% of our VALUE over the next 120 days....All correspondence on the equity matter clearly states that over the next 120 days the amount of shares will vary based on stock price. 
So looking at the VA:LUE of the statement dated 12/9....You should receive that value once more...The amount of shares most likely will not be the same.

No, at 120 days, employees get enough stock so that they share the 23.6% they were promised.   The APA will get 13.5% of the new stock, the APFA will get 3%, the TWU will get its 4.8% and the non-union, non-executives (agents, support staff and management) will get the remaining 2.3%.    
 

It is , the value of the 4.8 union claim was determined by last Fridays LCC close price, and was partially distributed in shares , we could receive more shares if the price falls and less if the price rises depending on share price.The company is paying us the total value of our claim as determined last friday not a set number of shares. .
Also 5% of our money was held back to cover other claims. When those are finalized there could be another distribution of those funds if any.
Assuming Mondays was a 50 % distribution we actually received half of 95 % the rest we might get depending on claims.

No, the initial price of the AAL stock matched the Friday close of LCC, but employees will get 23.6% of the new AAL stock that's issued to the AMR creditors/claimants/stockholders.    The only people whose claims are a fixed dollar amount are the people who were owed money by AMR.   Employee claims will be fixed percentage of the total number of shares issued to the AMR creditors/claimants.   The total number of shares making up that 72% is unknown at this time, but by April 9, the AA employees will own 23.6% of that 72% whether the stock is trading for $1/sh or $100/sh.   
 
Who wins really big if the stock goes up?    Employees win some, but the stockholders of old AMR (AAMRQ) win really big if the stock stays up.   As common stockholders,  they get what's left, and the higher AAL goes, the more they get.   
 

I don't think that's right either. Our value was X amount. They gave us approx. half of it when the stock was at 21.55 so it took a certain amount of shares to equal that. When we get the rest of it, whatever the value of the stock is at that time will determine the number of shares we receive to equal the balance. IMHO

No, the employees are owed 23.6% of the total number of shares issued to the AMR creditors/claimants.   We know that the stockholders of old US Airways (LCC) got one share of AAL for each share of LCC.   They get nothing more.  No matter where the stock price goes.   We also know that their shares of AAL are exactly 28% of the total number of shares of AAL.   The other 72% are the AMR creditors, the AA employees and the holders of old AMR stock (AAMRQ).   
 

So, with AAL up over $1.25 right now, it is actually costing me instead of making money for me. The higher, the less shares I get. Yes?? If AA gives me my shares all at once, I'm making money right now. Yes??

No, that's completely wrong.   You're a stockholder - you own a percentage of the company.  The higher it goes, the more value your percentage is worth.    
 
Your cost basis was the Friday closing price of LCC.   That price is ordinary income to employees (just like wages).   Everything above that is capital gains (taxed at lower rates).